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Joint Venture to Acquire Land and Develop Luxury Condominium Project

International Real Estate Developer
Representation of international real estate developer in connection with a complex joint venture with two private equity firms and multiple tiers of investors and entities to contribute $140 million of equity and obtain additional financing to develop a luxury two-tower condominium project with nearly 500 units in Sunny Isles Beach, Florida. Our representation included tax structuring, as well as negotiation of a joint venture agreement, development and construction management agreement, and an exclusive listing agreement for the developer.
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Experience
Representation of Lennar Corporation in the formation of Lennar Multifamily Venture (LMV), an equity fund/joint venture sponsored and managed by Lennar Multifamily Communities with global sovereign and institutional investors. The venture, with initial equity commitments of $1.1 billion, targets inv...
Experience

Representation of debtor in possession in the chapter 11 case of Cabi Downtown LLC, the owner of an 849-unit condominium project owing over $250 million to a bank consortium, defaulting unit purchasers, trade creditors, and its general contractor. The case was the first large condominium filing i...

Experience
Representation of Oleta Partners, LLC, a joint venture comprised of affiliates of the LeFrak Organization and Turnberry Associates, in the successful negotiation of the long-term ground lease and complicated leasehold financing for a 185-acre brownfields redevelopment site in the City of North Miami...
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